Igor Inc.had a predetermined overhead rate of $2 per direct labor hour.The direct labor hours were estimated to be 25,000.The actual manufacturing overhead incurred was $47,000 and 24,000 actual direct labor hours were worked.How much was overhead over/under applied last year?
A) $1,000 underapplied
B) $2,000 underapplied
C) $1,000 overapplied
D) $3,000 overapplied

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The Answer of Igor Inc.had a predetermined overhead rate of $2 per direct labor hour.The direct labor hours were estimated to be 25,000.The actual manufacturing overhead incurred was $47,000 and 24,000 actual direct labor hours were worked.How much was overhead over/under applied last year?
A) $1,000 underapplied
B) $2,000 underapplied
C) $1,000 overapplied
D) $3,000 overapplied

Igor IncHad a Predetermined Overhead Rate of $2 Per Direct Labor